Iran

[Shahab3]

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Iran Signs Contracts with Italy, S. Korea on Development of Gas Field

TEHRAN (FNA)- Iran signed $4 billion dollar contracts with Italy and South Korea on the development of phase 12 of South Pars gas field, an Iranian oil official announced on Monday.

"The agreement for the second part of the South Pars phase 12 (EPC2) which valued at around $2bln was recently signed with South Korean Daelim Company joined by Iranian companies," Managing Director of the Petropars Oil and Gas Company Gholam Reza Manouchehri said.

Manouchehri added that another contract has also been signed with Italian Company Tecnimont and Iranian companies Nargan, Dorriz and Gamma for the development of the third part of the same phase (EPC3) which is worth around $2 billion.
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Brazilian Trade Minister to Visit Tehran in February

TEHRAN (FNA)- Brazil's Minister of Development, Industry and Trade Miguel Jorge is slated to pay a visit to Iran next February, the country's envoy to Tehran announced on Sunday.
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Meantime, Iranian President Mahmoud Ahmadinejad is also due to pay a visit to Brazil late in autumn at an invitation by his Brazilian counterpart Luiz Inacio Lula da Silva.

President Ahmadinejad and his Brazilian counterpart met with each other on the sidelines of the recent UN General Assembly meeting in New York, and discussed a visit to Iran by Lula da Silva.
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Iran, Turkey to Build Oil Refinery in Joint Venture

TEHRAN (FNA)- Tehran and Ankara agreed to establish a crude oil refinery in northern Iran in a $2-billion joint venture project.
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Also, the two countries agreed to establish a company, with each side holding 50% of the stock, to deliver an annual volume of about 35 bln cubic meters of gas from Iran to the EU member states.
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